Independent Advisor Alliance Purchases 497 Shares of Expedia Group, Inc. (NASDAQ:EXPE)

Independent Advisor Alliance grew its position in Expedia Group, Inc. (NASDAQ:EXPE) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,370 shares of the online travel company’s stock after purchasing an additional 497 shares during the quarter. Independent Advisor Alliance’s holdings in Expedia Group were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. SRH Advisors LLC acquired a new stake in shares of Expedia Group in the fourth quarter worth $28,000. Grove Bank & Trust grew its stake in shares of Expedia Group by 676.2% in the fourth quarter. Grove Bank & Trust now owns 163 shares of the online travel company’s stock worth $30,000 after acquiring an additional 142 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Expedia Group in the third quarter worth $51,000. Golden State Wealth Management LLC acquired a new stake in shares of Expedia Group in the fourth quarter worth $72,000. Finally, UMB Bank n.a. grew its stake in shares of Expedia Group by 14.8% in the fourth quarter. UMB Bank n.a. now owns 489 shares of the online travel company’s stock worth $91,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXPE shares. Robert W. Baird started coverage on shares of Expedia Group in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $225.00 price objective on the stock. Barclays raised their price objective on shares of Expedia Group from $166.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. HSBC upgraded shares of Expedia Group from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a research note on Friday, February 7th. JMP Securities reiterated a “market perform” rating on shares of Expedia Group in a research note on Friday, February 7th. Finally, Truist Financial lifted their price target on shares of Expedia Group from $163.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, March 12th. Nineteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group currently has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Insiders Place Their Bets

In other Expedia Group news, insider Robert J. Dzielak sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $205.70, for a total transaction of $1,028,500.00. Following the completion of the sale, the insider now directly owns 74,502 shares of the company’s stock, valued at approximately $15,325,061.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dara Khosrowshahi sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $169.79, for a total value of $1,697,900.00. Following the sale, the director now directly owns 158,505 shares of the company’s stock, valued at $26,912,563.95. This represents a 5.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock valued at $4,577,900. 6.80% of the stock is currently owned by insiders.

Expedia Group Stock Performance

Expedia Group stock opened at $166.36 on Tuesday. The stock has a 50-day simple moving average of $184.55 and a 200 day simple moving average of $172.08. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.87. Expedia Group, Inc. has a 12-month low of $107.25 and a 12-month high of $207.73. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.92 and a beta of 1.83.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, February 6th. The online travel company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.22). Expedia Group had a return on equity of 52.41% and a net margin of 9.01%. On average, research analysts anticipate that Expedia Group, Inc. will post 12.28 earnings per share for the current fiscal year.

Expedia Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.40 per share. This is a boost from Expedia Group’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, March 6th. Expedia Group’s payout ratio is currently 17.68%.

Expedia Group Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.